BOTHELL, Wash., Sept. 20 /PRNewswire-FirstCall/ -- Lumera Corporation,
(Nasdaq: LMRA), was recognized as one of the leading nanotechnology companies
in North America when the company was added to Merrill Lynch's Nanotechnology
Index on Friday September 17. Lumera was the only new addition to the index
at this time.
Merrill Lynch's Nanotech Index is made up of 25 companies in this exciting
new field. Lumera, which recently raised approximately $42 million in its
initial public offering, was listed in the small cap and micro cap category of
"To be recognized by Merrill Lynch with our inclusion in the
nanotechnology index is another milestone for Lumera," said Thomas D. Mino,
chief executive officer. "Our addition to the list is another indication that
Lumera is one of the emerging leaders in the nanotechnology field."
In its April report, Merrill Lynch indicated it believes nanotechnology
could be the next growth innovation, similar in importance to information
technology over the past 50 years.
Most recently, Lumera unveiled a molecularly engineered material that has
an unprecedented electro-optic efficiency of more than five times that of
crystalline materials widely in use today. Because this revolutionary new
polymer can respond to very low voltages and modulates and transmits light at
extremely fast speeds with minimal loss, it offers the potential for a variety
of high-speed optical networking components. These components are expected to
dramatically improve performance in much more compact packages than those
Lumera is also working with techniques to coat its electro-optic materials
onto silicon wafers containing multiple integrated circuits. These
proprietary techniques will create high-speed optical interconnections with
the combination of low-voltage and low-optical loss that is critical to
enabling such applications.
Lumera has recently received orders for engineering samples of devices
using its materials from select large telecommunication and semi-conductor
Lumera is an emerging leader in the field of nanotechnology. The company
designs proprietary molecular structures and polymer compounds for a broad
range of electro-optic, RF and specialty coating applications. The company
also has developed proprietary processes for fabricating such devices. For
more information, please visit http://www.lumera.com/.
SOURCE Lumera Corporation